Local and regional issuers bring bond market diversity

Headline: Local and regional issuers bring bond market diversitySource: EuromoneyDate: September 2001Author: Nick Parsons The number and variety of regional and municipal issuers tapping the international markets continues to grow steadily. Central governments across the Americas and emerging markets want to devolve financial responsibility. The degree of sovereign support varies.         Janne […]

Headline: Local and regional issuers bring bond market diversity
Source: Euromoney
Date: September 2001
Author: Nick Parsons

The number and variety of regional and municipal issuers tapping the international markets continues to grow steadily. Central governments across the Americas and emerging markets want to devolve financial responsibility. The degree of sovereign support varies.

       
Janne Thomsen
Lending to local and regional governments should feel simpler and safer thanks to the reassuring presence of sovereign states in the background. Instead the role of the centre often adds a new layer of complexity.






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